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This article relies excessively on references to primary sources. Please improve this article by adding secondary or tertiary sources . Find sources: "National Bureau of Statistics, Nigeria" – news · newspapers · books · scholar · JSTOR ( March 2010 ) ( Learn how and when to remove this message )
Inflation and gdp growth in Nigeria, 2015 - 2021, Source: National Bureau of Statistics. In 2016, the black-market exchange rate of the Naira was about 60% above the official rate. The central bank releases about $200 million each week at the official exchange rate.
NB:Some reliable sources can publish unreliable pieces so each piece should be vetted on an individual basis. Sources for Reviews (Films, Music, TV, Books) [ edit ]
At its peak, the Sokoto Caliphate was the most populous state in Africa. [13] Sokoto Caliphate remained a defining and reference point in West African history and Nigeria. [14] The Caliphate occupied most of north-central and north-west Nigeria, as well as parts of neighboring countries of nowadays Nigeria. [14]
During the mid and late 1980's, Nigeria experienced a prolonged and severe economic downturn. Nigeria suffered a rapid plummet of its foreign reserves from $10 billion in early 1980s to approximately $1 billion in the mid 1980s due to overvalued currency, inflated imports, and international decline of oil prices. [4]
SA History Online - reliable source for a range of history related topics; Institute for Security Studies - does good research on security related topics in Africa. Africa Check - fact checking organisation
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Nigeria's history of public debt dates back to the colonial era, when the country was under the rule of Britain. The first recorded instance of public borrowing by Nigeria was in 1923-1924. [ 10 ] This financial arrangement amounted to approximately £5.7 million, carrying an annual interest rate of 2.5 per cent, and was structured for ...